Comet Ridge Ltd · ASX:COI
Comet Ridge — RIU Good Oil & Gas Energy Conference 2022
17 slides from Comet Ridge's conference presentation, Sep 7, 2022
Slide 1: RIU Good Oil & Gas Energy Conference
For personal use only RIU Good Oil & Gas Energy Conference Presentation by: Tor McCaul, Managing Director 7 September 2022
Slide 2: Important notice and disclaimer
COMET RIDGE | A compelling east coast gas play Important notice and disclaimer For personal use only Disclaimer Future performance This presentation (Presentation) has been prepared by Comet Ridge Limited (ABN 47 106 092 577) (Comet This Presentation contains certain “forward-looking statements”. Fo
Slide 3: Highlights
COMET RIDGE | A compelling east coast gas play Highlights For personal use only Comet Ridge well placed to become a meaningful gas supplier into the strong east coast gas 1 market – proximally located assets, active appraisal and building gas reserves. Purchase of APLNG stake (30%) unlocks the Mahal
Slide 4: Corporate overview
COMET RIDGE | A compelling east coast gas play Corporate overview For personal use only Share price Market capitalisation COI Share Price and Volume - last 12 months $0.225 $194m $0.25 10.0m $0.20 5 September 2022 7.5m Shares on issue Warrants 860m 65.9m $0.15 5.0m +16.4m performance rights# Avg. ex
Slide 5: Project Overview
COMET RIDGE | A compelling east coast gas play Project Overview For personal use only • Mahalo Gas Hub: Mahalo Joint Venture (PL 1082, 1083, PCA 302, 303, 304 - COI 70%, STO 30%) + Mahalo North, Mahalo East and Mahalo Far East (100% held by COI) • Acquisition of APLNG’s Mahalo JV interest unlocks th
Slide 6: Mahalo Gas Hub – path to production
COMET RIDGE | A compelling east coast gas play Mahalo Gas Hub – path to production Mahalo Gas Hub: The Mahalo Joint Venture Block (COI 70%, STO 30%) and Mahalo North, Mahalo East and Mahalo Far East (all 100% COI) For personal use only Targeting a material volume of Mahalo JV certified gross Mahalo
Slide 7: Mahalo Gas Project - Certified Gas Reserves and Contingent Resources
COMET RIDGE | A compelling east coast gas play Mahalo Gas Project - Certified Gas Reserves and Contingent Resources Mahalo Gas Project (PL 1082, 1083) For personal use only • Gas Reserves and Contingent Resources* have to date Certified Gas Reserves and Contingent Resources only been certified for t
Slide 8: Focused on moving Mahalo Gas Hub into production
COMET RIDGE | A compelling east coast gas play Focused on moving Mahalo Gas Hub into production For personal use only Mahalo can be a major east coast hub – proven gas rates close to infrastructure in the east coast market • High productivity shallow reservoir = lower capex and lower cost gas • Prov
Slide 9: 100% held Mahalo North becoming a valuable asset
COMET RIDGE | A compelling east coast gas play 100% held Mahalo North becoming a valuable asset For personal use only Production test achieved Pilot well now achieved the ‘world class’ results and highest recorded gas flow in confirmed high productivity the Mahalo Gas Hub area. fairway extends into
Slide 10: Mahalo North is now the best pilot well in the Mahalo Gas Hub area
COMET RIDGE | A compelling east coast gas play Mahalo North 1 is now the best pilot well in the Mahalo Gas Hub area For personal use only • Mira 6 (in Mahalo Gas Project) • In-seam length of 924 metres in the high productivity fairway • Gas Production: Mira 6 was historically the highest gas produci
Slide 11: Mahalo Gas Project – simplified joint venture (between Comet Ridge and Santos)
COMET RIDGE | A compelling east coast gas play Mahalo Gas Project – simplified joint venture (between Comet Ridge and Santos) For personal use only • Significantly simplified JV structure with APLNG exit in June 2022 – no longer different block operators (exploration and production) • Comet Ridge pu
Slide 12: ACCC: Domestic gas supply shortfalls worsening from 2023
COMET RIDGE | A compelling east coast gas play ACCC: Domestic gas supply shortfalls worsening from 2023 For personal use only Forecast supply shortfall of 2P gas reserves versus demand on the East Coast, 2023 - 2033 • The East Coast gas market is strained for natural gas supply • Largely due to sign
Slide 13: Domestic gas prices are expected to remain very strong
COMET RIDGE | A compelling east coast gas play Domestic gas prices are expected to remain very strong For personal use only Page 13 Source: ACCC website, 1 August 2022
Slide 14: Appendices
For personal use only Appendices
Slide 15: Competent Person Statement
COMET RIDGE | A compelling east coast gas play Competent Person Statement For personal use only Competent Person Statement and ASX Listing Rules Chapter 5 - Reporting on Oil and Gas Activities The estimate of Reserves and Contingent Resources for the Mahalo Gas Project provided in this Presentation,
Slide 16: Directors - proven gas development and production backgrounds
COMET RIDGE | A compelling east coast gas play Directors - proven gas development and production backgrounds For personal use only James McKay Tor McCaul Gillian Swaby Chris Pieters Martin Riley Shaun Scott Non-exec Chairman Managing Director Non-Exec Director Executive Director Non-Exec Director No
Slide 17: For more information
For personal use only FOR MORE INFORMATION Telephone: +61 7 3221 3661 Email: info@cometridge.com.au Level 3, 410 Queen Street Brisbane Queensland 4000 cometridge.com.au
Comet Ridge — RIU Good Oil & Gas Energy Conference 2022 on 6ix